BB&T Capital Markets Serves as Co-Manager for Southwestern Energy’s $1.15 Billion Two-Tranche Offering of Senior Notes due 2026 and 2027
On September 11, 2017, BB&T Capital Markets served as a co-manager for an offering of $650 million 7.500% senior notes due 2026 and $500 million 7.750% senior notes due 2027 by Southwestern Energy Company.
Proceeds from the offering will be used to repay outstanding debt.
About the Companies
Southwestern Energy Company, an independent natural gas and oil company, engages in the exploration, development, and production of natural gas and oil in the United States. They company operates through two segments, Exploration and Production, and Midstream Services. Southwestern Energy focuses on the Marcellus Shale and the Fayetteville Shale. They company also engages in the exploration and production activities in Colorado and Louisiana. In addition, the company is involved in gathering, marketing, and transporting natural gas, oil, and natural gas liquids. Southwestern Energy’s estimated proved natural gas, oil, and NGL reserves were 5,253 Bcfe at year-end 2016.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.